The arrow is pointing to an area where the rescue crews should cut the bulkhead of the aircraft in an emergency.
The two words are Rescue, with the top one being written in Cryllic.
Apologies for Peter for pilfering this small section of the photo!
Edit: Here is a better show showing the arrow
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Photo © Miguel Snoep
[Edited 2003-04-13 21:29:51]
Someday, we'll look back at this, laugh nervously, and then change the subject.